CLASS WARFARE: Ex-Swiss Bank Executive Turns Over Info On 2,000 Illegal Bank Accounts To Wikileaks

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NEW YORK TIMES: A former senior Swiss bank executive said on Monday that he had given the WikiLeaks founder, Julian Assange, details of more than 2,000 prominent individuals and companies that he contends engaged in tax evasion and other possible criminal activity, Ravi Somaiya and Julia Werdigier report in The New York Times. Rudolf M. Elmer, who ran the Caribbean operations of the Swiss bank Julius Baer for eight years until he was dismissed in 2002, refused to identify any of the individuals or companies, but he told reporters at a news conference that about 40 politicians and “pillars of society” were among them. He told The Observer newspaper over the weekend that those named in the documents come from “the U.S., Britain, Germany, Austria and Asia — from all over,” and include “business people, politicians, people who have made their living in the arts and multinational conglomerates — from both sides of the Atlantic.” MORE

CNN: Elmer describes himself as an activist/reformer/banker. “I think, as a banker, I do have the right to stand up if something is wrong,” he said Monday, explaining why he was giving the documents to the website. Elmer is due to go on trial Wednesday in Switzerland for violating the country’s banking secrecy regulations. He said he wanted “to let society know what I do know and how this system works because it is damaging our society in the way that money is moved” and hidden in offshore jurisdictions. He began looking into the issue when he was a banker in the Cayman Islands, he said. When he first looked into the problems of offshore banking he said it looked like “a mouse tail,” but as he investigated in the Cayman Islands and Switzerland, it became a “dragon’s tail,” and finally a many-headed dragon. MORE

PREVIOUSLY: Hundreds of super-rich American tax cheats have, in effect, turned themselves in to the IRS after a bank computer technician in the tiny European country of Liechtenstein came forward with the names of US citizens who had set up secret accounts there, according to Washington lawyers investigating the scheme. The bank clerk, Heinrich Kieber, has been branded a thief by the government of Liechtenstein for violating the country’s bank secrecy laws. He is now in hiding but scheduled to testify to the Senate’s Permanent Subcommittee on Investigations Thursday via a video statement from a secret location, according to Congressional investigators. MORE

RELATED: The only surprising thing about the WikiLeaks revelations is that they contain no surprises. Didn’t we learn exactly what we expected to learn? The real disturbance was at the level of appearances: we can no longer pretend we don’t know what everyone knows we know. This is the paradox of public space: even if everyone knows an unpleasant fact, saying it in public changes everything. One of the first measures taken by the new Bolshevik government in 1918 was to make public the entire corpus of tsarist secret diplomacy, all the secret agreements, the secret clauses of public agreements etc. There too the target was the entire functioning of the state apparatuses of power. What WikiLeaks threatens is the formal functioning of power. The true targets here weren’t the dirty details and the individuals responsible for them; not those in power, in other words, so much as power itself, its structure. We shouldn’t forget that power comprises not only institutions and their rules, but also legitimate (‘normal’) ways of challenging it (an independent press, NGOs etc) – as the Indian academic Saroj Giri put it, WikiLeaks ‘challenged power by challenging the normal channels of challenging power and revealing the truth’.[*] The aim of the WikiLeaks revelations was not just to embarrass those in power but to lead us to mobilise ourselves to bring about a different functioning of power that might reach beyond the limits of representative democracy. MORE

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